Lighter vs Jupiter Perps
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
| Line | Lighter | Jupiter Perps |
|---|---|---|
| 30-day volume | #P03 · $52,570.0MEdge | #P10 · $6,207.0M |
| Trading fees | 0% maker · 0% takerStandard accounts, the default, pay no maker or taker fee on perps or spot, at the cost of slower matching (300ms taker latency). Premium accounts are opt-in and get faster matching: 0.0040% maker and 0.0280% taker with no LIT staked, reduced by staking LIT.Edge | 0.06% per open or closeNo order book and no maker/taker split on the JLP markets (SOL, ETH, wBTC): a 0.06% base fee is charged on open and on close, plus a price-impact fee that grows with the clip and with the imbalance of open interest, an hourly borrow fee, and a swap fee of 10 bps (2 bps on stablecoins) when the input token has to be converted. Beta markets charge a taker or maker fee per order plus an hourly funding rate instead. |
| New-user perk | One week of Premium for free: the fees paid during that week are rebatedEdge | None documented |
| Max leverage | up to 50× | up to 250×Edge |
| Perp markets | 210Edge | 9 |
| Identity check | No KYC | No KYC |
| Custody | Non-custodial: Ethereum contracts hold the state root, escape hatch available | Non-custodial, Solana wallet |
| Settles on | Lighter Core (ZK rollup anchored on Ethereum) | Solana |
| Collateral | USDC | USDC, SOL, wETH, wBTC |
| Where it runs | Web | Web, iOS, Android |
| Chains | EVMEthereum | SolanaSolana |
| Documented features | 7 of 10Edge | 6 of 10 |
| Order book | Yes | Not documented |
| Cross margin | Yes | Not documented |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Yes |
| Copy trading | Not documented | Not documented |
| Stocks, gold or forex | Yes | Yes |
| Points program | Yes | Yes |
| API | Yes | Yes |
| Mobile app | Not documented | Yes |
| Telegram bot | No | No |
Which one should you pick?
Pick Lighter if
Fees are your main cost and you accept slightly slower fills to keep them at zero.
Trading is free by default on Lighter, and the venue anchors its state root on Ethereum with a documented escape hatch. The catch is that free matching is slower, and the paid Premium tier exists above it.
app.lighter.xyz
Pick Jupiter Perps if
You already live in the Jupiter ecosystem and want perps without leaving the app or the mobile client.
Perps are one tab inside the largest Solana app: three markets trade against the JLP pool, with leverage up to 250x, and six Beta markets add JUP, HYPE, ZEC and tokenised stocks. The 0.06% base fee is the highest of the series, and borrow fees keep accruing while a position is open.
jup.ag
